Wood Coatings Market, By Resin Type, By Technology, By Application, By Geography

Description

The global wood coatings market is estimated to be valued at USD 11.97 Bn in 2024 and is expected to reach USD 16.62 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

Figure 1. Wood Coatings Market Share (%), By Region, 2024

The global wood coatings market is projected to grow steadily over the next decade driven by the increasing usage of wood across the furniture, architectural, and other industrial applications. Wood has traditionally been one of the most commonly used construction and decorative materials owing to its versatility and sustainability credentials. However, raw wood is prone to damage from moisture, insects, UV exposure, and scratches over time which is where coatings play a crucial protective role. Wood coatings form a protective layer on timber surfaces to enhance durability, appearance, and performance. They are formulated to withstand various climatic conditions and high contact usage. Rising wood demand from the construction sector and growing preference for enriched aesthetics and functionality of wooden surfaces are expected to propel the need for wood coatings globally.

Market Dynamics:

The global wood coatings market is projected to witness moderate growth over the forecast period. Several factors are expected to influence the market dynamics during this period. The primary drivers include growing construction activities worldwide, particularly in developing nations which is raising the demand for wood as a primary construction material. This is generating a substantial uptake of wood coatings to protect wooden surfaces from moisture, UV radiation, corrosion, and extend their lifespan. In addition, changing lifestyle and rising spending on home decor and furnishings in countries is bolstering the sales of coated wood furniture and other household products. Furthermore, stringent environmental regulations regarding the use of volatile organic compounds (VOCs) are catalyzing focus onto bio-based and low VOC coating systems, posing opportunities for eco-friendly product innovation. However, fluctuating raw material prices owing to supply chain disruptions and high costs associated may restrain market expansion to some extent over the next few years.

Key Features of the Study:

This report provides an in-depth analysis of the global wood coatings market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global wood coatings market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include The Sherwin-Williams Company, PPG Industries, Inc., Akzo Nobel N.V., Nippon Paint Holdings Co., Ltd., RPM International Inc., Diamond Paints, BASF SE, Axalta Coating Systems, LLC, KANSAI HELIOS, Asian Paints, Eastman Chemical Company, Angel Coating Pvt. Ltd., Sansui Paints, Teknos Group , MAS Paints , KAPCI Coating , Benjamin Moore & Co , Grand Polycoats, and Taralac
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global wood coatings market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wood coatings market

Detailed Segmentation-

By Resin Type:
- Polyurethane
- Acrylic
- Nitrocellulose
- Unsaturated Polyester
- Others
By Technology:
- Waterborne
- Solvent-borne
- Powder Coating
- Radiation Cured
- Others
By Application:
- Furniture
- Joinery
- Flooring & Decking
- Siding
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- The Sherwin-Williams Company
- PPG Industries, Inc.
- Akzo Nobel N.V.
- Nippon Paint Holdings Co., Ltd.
- RPM International Inc.
- Diamond Paints
- BASF SE
- Axalta Coating Systems, LLC
- KANSAI HELIOS
- Asian Paints
- Eastman Chemical Company
- Angel Coating Pvt. Ltd.
- Sansui Paints
- Teknos Group
- MAS Paints
- KAPCI Coating
- Benjamin Moore & Co
- Grand Polycoats
- Taralac

Product Code: CMI261

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Resin Type
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Wood Coatings Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Wood Coatings Market
Impact Analysis

5. Global Wood Coatings Market, By Resin Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Polyurethane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Acrylic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Nitrocellulose
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Unsaturated Polyester
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Wood Coatings Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Waterborne
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Solvent-borne
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Powder Coating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Radiation Cured
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Wood Coatings Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Furniture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Joinery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Flooring & Decking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Siding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Wood Coatings Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)

U.S.
Canada
Latin America
- Introduction
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- The Sherwin-Williams Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- PPG Industries, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Akzo Nobel N.V.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Nippon Paint Holdings Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- RPM International Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Diamond Paints
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Axalta Coating Systems, LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- KANSAI HELIOS
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Asian Paints
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Eastman Chemical Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Angel Coating Pvt. Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sansui Paints
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Teknos Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- MAS Paints
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- KAPCI Coating
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Benjamin Moore & Co
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Grand Polycoats
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Taralac
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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